Rather than simply processing after the fact, an inheritance tax return is the starting point for subsequent handling of inheritance and income taxes. For example, applicability of tax exceptional treatment and capital-gains tax on sale of land can vary depending on how an inheritance is distributed. Also important is the judgment of whether sale of land or payment in kind would be more beneficial as a method of tax payment. We offer comprehensive tax-return services utilizing our wealth of experience and expertise.
Yamada & Partners’ inheritance tax return services
1.
A strong track record
Our strong track record includes handling more than 2000 inheritance-related cases (including inheritance tax returns and inheritance/business succession consulting) per year.
2.
Considering value from a wide range of perspectives
We consider valuation of assets (particularly land and stock) from a wide range of legal perspectives.
3.
Identification and consideration of problems
In inheritance tax returns, we consider matters that could become problems in subsequent tax audits (e.g., whether any name deposits are involved and legal status of past inter vivos gifts) from a wide range of perspectives.
4.
Proposal of measures, advice
More than just assisting with inheritance tax returns, as requested by our clients we also offer proposals and advice on distributing inheritance (e.g., effective use of devaluation exception for small residences and other properties and distribution methods based on secondary inheritance and other measures) and payment of taxes (e.g., deferred payment, payment in kind).
5.
Appropriate tax audit assistance services
Based on our wealth of knowledge and experience, we assist clients with tax audits after filing inheritance tax returns.
6.
One-stop services
In cooperation with other companies in the Group, we deliver one-stop services on procedures for changing title to real estate and financial assets.
7.
International inheritance services
Together with providing appropriate tax advice for cases such as when the inheritor owns assets overseas or resides overseas, we also prepare and support inheritance tax returns for Japan and other countries.
Service flow
When an inheritance tax return is required, the return must be filed and tax paid within 10 months following the inheritance. There is a large number of matters that need to be considered when preparing and submitting a return in the limited time available such as collection of the documents necessary for the return, how the tax should be paid, and method of distribution of estate which may effects the amount of inheritance tax. For these reasons, it is vital to consult with a licensed tax accountant as soon as possible. Yamada & Partners will prepare the inheritance tax return on behalf of client in accordance with following time schedule.
